Health Quest Systems Inc./Vassar Brothers Medical Center, NY Rating Outlooks Revised To Negative Feb 09
- ID: 1952863
- February 2009
- Region: New York
- Standard & Poors
NEW YORK (Standard & Poor's) Feb. 12, 2009--Standard & Poor's Ratings Services revised its outlooks on the 'A' underlying ratings (SPUR) on New York State Dormitory Authority's series 2007 bonds, issued for Health Quest Systems Inc., N.Y., and Dutchess County Industrial Development Agency, N.Y.'s and the authority's series 1997, 2004, and 2005 bonds, issued for Vassar Brothers Medical Center, N.Y., to negative from stable. Standard & Poor's also affirmed its 'A' SPURs on the debt. The negative outlook reflects lower-than-expected operating results for the first 11 months of fiscal 2008 compared to budgeted and original projections provided by management and weakened debt service coverage, coupled with a weaker balance sheet and the potential for additional debt within the next two...
Companies mentioned in this report are:
- Dorm Auth of the St of New York
- Dutchess Cnty Indl Dev Agy
- Health Quest Sys, Inc.
Action: Outlook: Negative
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